Spectris bidding war intensifies as KKR submits fresh offer Markets The private equity bidding war for precision instrument business Spectris has stepped up a gear after New York-based KKR stepped in with a fresh offer that values the business at £4.8bn. The offer of 4,175p per Spectris share outflanks a fresh offer made by Boston-based Advent of 4,100p per share on Friday, and represents a [...]
M&A volumes jump as US bidders snap up UK tech Markets US private equity firms are continuing to swoop for UK tech companies leading to a jump in merger and acquisition (M&A) volumes. Giants from across the Atlantic have taken a heightened interest in UK stock, which analysts pegged to the “cheap and undervalued” nature of equities. UK public M&A activity almost tripled in the first [...]
Spectris agrees to £3.8bn takeover but KKR threatens bidding war Markets Industrial group Spectris has agreed to a £3.8bn takeover by US private equity Advent but a bidding war could be brewing as KKR mulls a rival offer. The FTSE 250 firm has been valued at £37.73 per share in the deal. Shares jumped 13.5 per cent as markets opened on Monday to around 3,726. Private [...]
London-listed Spectris snaps up US-based Sciaps in £205m deal July 4, 2024 Precision equipment manufacturer Spectris has agreed a deal to acquire Boston-headquartered Sciaps for $260m (£205m).
Sales downturn at Spectris after sale of software firm May 2, 2024 Precision instrument maker Spectris experienced a slower first start to the year than expected, it announced in its quarterly update.